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Dec 24, 2012
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but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that depends on essentially if, for instance, a week from monday right now we're sitting here and it's almost a certainty that we're going to go over the cliff. i would argue that we could get more back to a cliff rather than slope analogy because it comes down to how swiftly does the market react in a negative way and how swiftly is the fallout on the overall u.s. economy. for example, we're getting reports from around the country that, number one, retailers have lowered their forecast on what the christmas shopping season is going to look like. we're hearing that one of our reporters who is out at a mall today
but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that...
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Dec 26, 2012
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about the fears of the fiscal cliff. deal likely at 50%, deal not likely at 48%. and this is gone down continually as we have seen, lynn, over several days, whether more optimism before the christmas holiday and continues to evaporate the closer to the cliff but talking about what the president can do coming back, can it about a small stop gap measure to save people after the 1st? >> it could be and i've always thought that the they know if they don't at least do a stop gap which is in their power, therefore, they would probably do it. it means that the december deadline, december 31 deadline that's looming may not really be the deadline. i think it's more like january 3rd, noon, when the new congress is sworn in. that's when they have to do their math to see where do they have -- if there's any hope of a deal, a democratic deal, where you need 20, 30 min votes or true bipartisan deal and no one thinks will happen. now people are just working some numbers to see which would work best if you don't get anything by the end of the year. >> alice, based off what lynn i
about the fears of the fiscal cliff. deal likely at 50%, deal not likely at 48%. and this is gone down continually as we have seen, lynn, over several days, whether more optimism before the christmas holiday and continues to evaporate the closer to the cliff but talking about what the president can do coming back, can it about a small stop gap measure to save people after the 1st? >> it could be and i've always thought that the they know if they don't at least do a stop gap which is in...
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Jan 1, 2013
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>>> right now on msnbc, off the cliff. congress misses the midnight deadline. just two hours into the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton is making progress while being treated for a blood clot in her head at new york hospital. >> three, two, one! >> and ringing in 2013. close to a million people packed new york's times square to watch the ball drop and celebrate 2013. good morning, everyone. it is january 1st. welcome to this special new year's edition of "msnbc live." i'm chris jansing. >>> well, we do have a deal, but it's not a done deal just yet. a little bit after 2:00 eastern time this morning, two hours after the u.s. economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill pass
>>> right now on msnbc, off the cliff. congress misses the midnight deadline. just two hours into the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton...
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Dec 27, 2012
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tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north. the unfortunate thing are the words they're saying. i don't hear much compromise or kind of conciliation in the statements we've heard thus far. i do hear a lot of theatrics, you go first, no you go first. it's strange to say the democrats haven't put forth any legislation on this, because in fact they have. in fact, a democratic majority in the senate passed a bill that's
tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the...
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Dec 24, 2012
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there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support there, the presidential mandate of re-election and the fact he ran on raising taxes if he was given a second term, why is there such this stalemate and trepidation in washington, d.c. to get a deal done? >> reporter: how many hours do we have? let me try it this way. there's a group of hard core tea party republicans but democrats say we won because as your poll shows most americans support the president's position on higher taxes on top earners and seemingly at
there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many....
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Dec 24, 2012
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a lot of investors think if we can just get over, get past the fiscal cliff, we're going to have a pretty good year in 2013. people are saying, you know, big companies are in good shape. we're just kind of waiting for this economy to pick up steam. the housing markets is now -- has now turned around. consumers have paid down debt. there are a lot of things that are sort of going the right way, except for one thing. we need washington to solve this problem. >> again, it's not going to be a big deal within the time that's gin left. what can americans expect come payday in the new year? the affect that's going to be in their paycheck for tax reasons. >> we all know if there's not -- sthe they could come up with a short-term deal that really just pushes the whole thing off. it says this deadline is -- we're going to change the deadline. they can do that. i mean, whether they're going to do that or not, nobody is quite sure, but it does sound like the door is open for congress to come back in. it may not hit on january 1st the way people think, but this whole thing could unravel, you know, and
a lot of investors think if we can just get over, get past the fiscal cliff, we're going to have a pretty good year in 2013. people are saying, you know, big companies are in good shape. we're just kind of waiting for this economy to pick up steam. the housing markets is now -- has now turned around. consumers have paid down debt. there are a lot of things that are sort of going the right way, except for one thing. we need washington to solve this problem. >> again, it's not going to be a...
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problem, the fiscal cliff, but when we have the debt ceiling issue coming up the spending is going to be the issue that needs to ab dressed. >> i'm sorry. we have to leave it there. i apologize. a busy day. busy new year's eve. surprising or maybe not for many. we've been watching what is happening in washington, d.c. my thanks to all of you. hillary clinton hospitalized for a blood clot. but there is also good news for the secretary of state and it could mean something for 2016. but before we get to 2016, we need to finish this year, right? lots of people already gathering at times square to celebrate the new year. sorry. sore knee. blast of cold feels nice. why don't you use bengay zero degrees? it's the one you store in the freezer. same medicated pain reliever used by physical therapists. that's chilly. [ male announcer ] new bengay zero degrees. freeze and move on. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority lea
problem, the fiscal cliff, but when we have the debt ceiling issue coming up the spending is going to be the issue that needs to ab dressed. >> i'm sorry. we have to leave it there. i apologize. a busy day. busy new year's eve. surprising or maybe not for many. we've been watching what is happening in washington, d.c. my thanks to all of you. hillary clinton hospitalized for a blood clot. but there is also good news for the secretary of state and it could mean something for 2016. but...
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disability treaty right in front of bob dole. this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't go home and have a case because they've got a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> arguably, the redskins could clinch today. i think it's also important to go back to the president's argument, that, you know, you have to be able to say yes to something that's reasonable. charles krauthammer and other conservatives argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out, whi
disability treaty right in front of bob dole. this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't go home and have a case because they've got a choir back home. and that's a huge part of the problem here. there's another reality in this...
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Jan 1, 2013
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another way febreze helps you breathe happy. >>> right now the bill to pull us back from the fiscal cliff heads to the house. at this hour they're starting to gather in the house chamber and will reconvene in 90 minutes. we are waiting to hear if there will be a vote today. the senate approved its version early this morning with an 89-8 vote. i'll talk to a republican congressman in a moment about how he plans to vote on the bill. i'm mara schiavocampo. here's a quick look at other stories making news now. >>> today 1 million workers in ten states get a bit of a boost in their pay checks. the minimum wage increases from 10 to 35 cents per hour depending on where you live. >>> in afghanistan the timetable for turning over security from nato to the afghans is on schedule with the next phase ontrack to begin in two months. the transition will give afghan forces full control by the end of 2014. and it's a very different, very quiet scene this morning in times square on this first day of 2013. last night was a little different. about a million people welcomed in the new year with the famous ba
another way febreze helps you breathe happy. >>> right now the bill to pull us back from the fiscal cliff heads to the house. at this hour they're starting to gather in the house chamber and will reconvene in 90 minutes. we are waiting to hear if there will be a vote today. the senate approved its version early this morning with an 89-8 vote. i'll talk to a republican congressman in a moment about how he plans to vote on the bill. i'm mara schiavocampo. here's a quick look at other...
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coverage continues on the fiscal cliff vote here on msnbc, the place for politics.
coverage continues on the fiscal cliff vote here on msnbc, the place for politics.
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and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication of, you know, how far certain factions inside the republican party have gone where they can't even accept what used to be considered centrist mainstream positions on these issues. now i remain optimistic. you know, i'm just a general optimist, that eventually people kind of see the light. you know, winston churchill used to say that we americans, you know, we try every other option before we finally do the right thing. after everything else is exhausted, we eventually do the right thing. and i think that that's true for congress as well. and i think it's also important for americans to remember t
and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication...
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Dec 28, 2012
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50s on the fiscal cliff. they don't want to give up things. they don't want to give up cuts to medicare or social security in order to get a deal that may not be best for them. if you look at game theory, you know, economic and political game theory, if all the players understand the strategies of the other players and act rationally, sometimes they won't move off the strategy that they are on. >> should americans have optimist about this 3:00 meeting this afternoon at the white house or basically it's humpty-dumpty, we're going off the wall, we're going to break, but we can be put back together. >> it doesn't mean they won't get an agreement on the phone, but i don't remember any high-plo file white house meeting producing anything other than leaked stories about how one leader told the other leader how tough he is and how weak the other guy is. these are, generally speaking made for optics, so we talk about it. >>> jonathan allen, great to see you, thank for your time. >> my pleasure. >>> we talked in the l
50s on the fiscal cliff. they don't want to give up things. they don't want to give up cuts to medicare or social security in order to get a deal that may not be best for them. if you look at game theory, you know, economic and political game theory, if all the players understand the strategies of the other players and act rationally, sometimes they won't move off the strategy that they are on. >> should americans have optimist about this 3:00 meeting this afternoon at the white house or...
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we will have the late on the fiscal cliff negotiations coming up in just a few minutes, but right now it's time to take a visit to the political playground. president obama may reside at the white house, but he hasn't forgotten about his home state of illinois. he is backing a bill set to be introduced in january that would legalize gay marriage in illinois. if passed that state would be the first midwestern state to approve marriage equality via a legislative vote. for now it looks like the nra and wayne lapierre have not been invited by vice president biden to talk about ways to reduce gun violence. according to the nra's president david keene there's been no contact from the white house to include them in this process. piers morgan has penned an op-ed for those who want to see him deported for his views on gun control saying although i love the country as a second home and one that has treated me incredibly well, i would as a concerned parent first seriously consider deporting myself. and actor charlie sheen is at it again, but this time he has company. on saturday sheen sent out t
we will have the late on the fiscal cliff negotiations coming up in just a few minutes, but right now it's time to take a visit to the political playground. president obama may reside at the white house, but he hasn't forgotten about his home state of illinois. he is backing a bill set to be introduced in january that would legalize gay marriage in illinois. if passed that state would be the first midwestern state to approve marriage equality via a legislative vote. for now it looks like the...